promoting of long-term investment for its members to reach the adequacy of future income after retirement. In recent times, SEC had been encouraging the PVD, which is an institutional investor, to

financial advisory or planning services have been provided only to high-net-worth invertors. SEC then initiates the Wealth Advice for All project with the goal to encourage the business operators in the

for the digital asset operating licenses.SEC examined information of Southeast Asia Digital Exchange Co., Ltd. (SEADEX) and found that SEADEX has been operating a digital asset exchange before the

offeror to gain undue benefit.  Offering price must not be lower than the highest price between (1) the highest acquisition price during 90 days prior to the date on which tender offer should have been

executive in securities companies and derivatives business for ten years, starting June 23, 2011. The order has been issued after the SEC?s finding indicated that his misconducts on clients? assets involved

the fund establishment have been covered by the media. It is therefore important to clarify that approval for any securities offering or fund establishment will be certain only when the applicants

found that {A} had been authorized by his client to make securities trading decisions on the client's behalf with high trading volume. The communication record showed that {A} traded the securities and

the rectified financial statements which have been audited by the auditor and disclose them to the public within November 8, 2010. This action follows NIPPON special audit report which reveals that the

market*, the SEC therefore set the period for acceptance of his re-application for approval as capital market personnel for 15 days. Having considered that {A} had already been suspended by his employer

derivatives trading orders to make up the record of receiving those orders.  In addition, Napat had been authorized by a client to make securities trading decisions and he confirmed the trading transactions to